Return
This query is : Resolved
23 May 2013
Income for compulsary filling of return for individual is after considering deduction u/s VI ?
23 May 2013
No, it is before chapter VIA deductions i.e, with out allowing Chapter VIA deductions, if income exceeds BASIC EXEMPTION LIMIT you need to file return-139(1),
However if assesse is having only salary income
and income not exceeding 5 lacs(after all deductions), it is not mandatory to file ITR
However if assesse is having only salary income
and income not exceeding 5 lacs(after all deductions), it is not mandatory to file ITR
23 May 2013
Yes after considering chapter VI deductions, because the words used in section 139(1)(b) is 'total income' which means taxable income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- BIS Certificates
- NON- SUBMISSION OF LLP FORM 3
- Scrutiny assessments u/s 143(2) for AY 25-26
- Regarding IMS Mandatory from 1st July 2026
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
